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A fine thing: would this make us slow down?

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081012 tickets 2

In Finland, you get fined for some speeding violations not according to how fast you were going, but according to how much money you make.

Take the recent case of millionaire businessman Reima Kuisla. He was fined 54,000 euros for going 64 in a 50 mph zone. In Finland, the government believes that traffic fines should sting rich people just as deeply as they sting the middle class or the poor.

Seems truly foreign to our way of doing business in Georgia.

On the other hand, having to pay the equivalent of $58,000, as Kuisla did, might persuade people to slow down. Tyler Cowen deals with the issue on his Marginal Revolution blog.

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